5 months, 4 weeks ago
Explained: How worsening water crisis can hurt India's economy
India TodayIndia's worsening water crisis poses a significant threat to the country's economic stability, Moody's Ratings has warned. Impact of water crisis on Indian economy Moody’s explains that the escalating water shortage, driven by high consumption amid rapid economic growth and frequent natural disasters, can "exacerbate volatility in India's growth." According to the Ministry of Water Resources, India's average annual water availability per capita is projected to drop to 1,367 cubic meters by 2031 from an already-low 1,486 cubic meters in 2021. Thermal coal power plants, in particular, are major water consumers due to India's reliance on coal-based power generation.
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History of this topic
3 weeks, 4 days ago
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